191–200 of 527 posts
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Airbnb has a PE of 22 and is a money printing machine. Airbnb makes 10x the profit of Hyatt, which has a PE of 75. Use case of hotels might be bigger, but it is a highly contended market. Airbnb has a huge chunk of a smaller market. Also, the margins are much better on hosting a website than building hotels and paying thousands of service employees.
What is PE?
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Cleaning fees aren't a "scam" - most property owners really do need to pay someone to clean the property at the end of a stay. But, as another commenter said, they can be used as a way to encourage longer stays, as with most places you only pay a single cleaning fee regardless of the length of your stay. But, again, it's just a fact that these rentals are usually just cleaned between guests (as opposed to a hotel whe…
The fee is obviously much more than they're paying the person who actually does the cleaning.
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I've often felt a bunch of the "love" for AirBNB comes from people who didn't realize that you could do short-term rentals of entire properties before it hit the market (and where you'd go for those).
Vacation style rentals are generally crappy properties, whether on Airbnb or otherwise. I think Airbnb has become worse as these types of properties have become common on the platform. The best experiences on Airbnb are, and have always been, people's personally owned homes.
I almost forgot how annoying Airbnb is until I started staying in hotels again. I will gladly take a smaller property in exchange for dealing with people that have actual hospitality training, daily room cleaning, room service, etc. Hotels are just a nicer experience. I don't want to spend my vacation cleaning the room or worrying about a "host."
I've found that hotels have cut back on the services also. I tend to stay at middle-tier hotels, i.e. Hampton Inn or something similar and they often don't service the room if you are there for multiple nights. I get not replacing towels if they are hanging up but even making up the beds and removing the trash isn't always done. I'd guess that post-pandemic they just don't have enough staff to get all the rooms done…
I'm fine with it; I don't want someone remaking the bed so I have to loosen all the tight sheets before I use it.
It would also be very unusual for me to have enough trash that it needs emptying, or use enough toilet paper that it runs out, but I guess others might eat particular take-away food which could account for both...
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I'm a digital nomad. One luggage, no permanent home, been fifteen years. I used to use AirBnB all the time. They gradually become more and more, well, "large company". Governments gradually made AirBnB illegal or effectively illegal, largely or wholly killing off AirBnB in given cities, or countries. For example, it used to be about impossible to get into Amsterdam, because of rent control and renting regulations; no…
All of the above makes total sense (to me) when you realize that people don't know how to price rentals at all - just like the average person doesn't know how to price restaurant food. When you know truly how to price (and cost!) something, you know when and where you can offer discounts. If cost to acquire a tenant is $2k, then the discount to preserve a good tenant should be about $2k per tenant turnover time .
And "helping" them is a lawsuit magnet: Big landlords are colluding to raise rents, D.C. lawsuit alleges https://news.ycombinator.com/item?id=38155840
I'm worried this ban will only affect honest hosts. Anyway, what Airbnb should really ban is hosts charging a mandatory cleaning fee when also requiring their guests to do the cleaning. We just stayed at one this weekend, and like almost all our previous bookings, the host asked us to: - Take off all bedding and towels and start a load of laundry - Do all the dishes and start the dishwasher (but required to hand-wash…
I'm worried this ban will only affect honest hosts. Anyway, what Airbnb should really ban is hosts charging a mandatory cleaning fee when also requiring their guests to do the cleaning. We just stayed at one this weekend, and like almost all our previous bookings, the host asked us to: - Take off all bedding and towels and start a load of laundry - Do all the dishes and start the dishwasher (but required to hand-wash…
The only way things will change is if all of use refuse to keep giving them our money.
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I’d say if it’s not mentioned in the ad up-front, you don’t have to do any of that. I’ve found high cleaning fees to sometimes be an intentional discouragement to shorter bookings, but sometimes I’ve paid it because it was still the best option and I like that they maintained the option. Sucks that the only way to push on fixed costs (it’s not just cleaning) is via the cleaning fee.
That’s how you get a bad review and charges for $800 to replace a napkin. Airbnb will side with the host, not you.
Dunno what kind of rules exist on the host side to block bookings under a certain rating. I know eBay’s are garbage because they’re not in the business of blocking sales.
Earlier quoted context omitted.
Airbnb has a PE of 22 and is a money printing machine. Airbnb makes 10x the profit of Hyatt, which has a PE of 75. Use case of hotels might be bigger, but it is a highly contended market. Airbnb has a huge chunk of a smaller market. Also, the margins are much better on hosting a website than building hotels and paying thousands of service employees.
What is PE?
Earlier quoted context omitted.
Airbnb sellers can charge a fixed fee directly by setting minimum stay lengths or by charging different nightly rates based on the length of stay (e.g., weekly and monthly stay discounts).
What if I just want to stay 3 days and I’m willing to pay the fixed fee anyway? What I do see is some booking automation that will dynamically set minimum stay lengths to avoid filling, say, a 3 day gap with a 1 or 2 day booking if it’s far enough out and set minimum stays to the duration of the gap.